FIVE-STAR BUSINESS FIN LTD(TRADE/INVESTMENT IDEA ON DAILY CHART)
Results Snapshot:
Five-Star Business Finance Ltd.
Q2FY24 Quarterly Result Announced for Five-Star Business Finance Ltd.
Non-banking Financial company Five-Star Business Finance announced Q2FY24 results:
1. Financial Performance:
- AUM increased by 44% YoY and 9% QoQ, reaching Rs 8,264 crores.
- Disbursements for the quarter amounted to Rs 1,204 crores, a 50% YoY growth, and Rs 2,336 crores for the half year, a 70% increase compared to the same period last year.
- PAT for the quarter stood at Rs 199 crores, a 38% YoY rise, and Rs 383 crores for the half year, a 35% increase compared to the previous year.
2. Asset Quality:
- Gross Stage 3 assets (NPA) stood at 1.35% of AUM, while net Stage 3 (NPA reduced by impairment allowance) was 0.68% of AUM.
- NPA numbers decreased from the previous quarter, with 30 DPD reducing from 9.68% to 8.59% during the current quarter.
3. Operational Highlights:
- Five-Star Business Finance added 70 branches during Q2FY2024, bringing the total branch network to 456.
- Collection efficiency for the quarter was 100.3%, and improvements were seen across various DPD buckets.
Commenting on the results, Lakshmipathy Deenadayalan, Chairman & Managing Director, Five-Star Business Finance, said, "Five Star continued to witness strong traction across business and disbursal demand and collections momentum. During the quarter, we disbursed Rs 1,204 Crores of loans as against Rs 1,132 Crores in the sequential quarter and also registered a disbursement growth of 50% on Y-o-Y basis. We added 70 branches during Q2FY2024, our highest ever branch additions in a quarter, resulting in a strong branch network of 456 branches, to deliver quality service to our customers.
On the collections front, we saw a strong set of numbers, across the metrics of collections efficiency and 30 DPD. We had a collection efficiency of 100.3% for the quarter and improvement across the various DPD buckets. We saw a decrease in NPA numbers as compared to the previous quarter (1.35% in Q2FY24 vs 1.41% in Q1FY24), our 30 came down from 9.68% last quarter to 8.59% during the current quarter. We are very confident that the strong growth in disbursements and collection efficiencies pave the way for a strong trajectory across growth, quality and profitability.
We continued to grow consistently and delivered an AUM growth of 44% Year on Year. PAT for Q2FY2024 has grown at 38% as compared to Q2FY2023 and our ROA and ROE stand as one of the best in the industry.
SHAREHOLDINGS:
Lakshmipathy D PROMOTER
Hema PROMOTER
Peak Xv Partners Investments V PROMOTER
Matrix Partners India Investment Holdings Ii, Llc PROMOTER
R Deenadayalan PROMOTER
Tpg Asia Vii Sf Pte Ltd FII
Sirius Ii Pte. Ltd. FII
Norwest Venture Partners X - Mauritius FII
Peak Xv Partners Growth Investments Iii FII
Sequoia Capital Global Growth Fund Iii- Endurance FII
Smallcap World Fund, Inc FII
Government Pension Fund Global FII
Fidelity Funds - India Focus Fund FII
Atma Ram Builders Pvt Ltd PUBLIC
Hdfc Trustee Company Limited - Hdfc Infrastructure DII
360 One Special Opportunities Fund - Series 9 DII.
THATS ALL FOR NOW.
N.B : I wanted to emphasize that the views I express are strictly personal and should not be construed as advice. It is crucial to consult with your financial advisor before making any trades or investment decisions. The complexity and unpredictability of financial markets underscore the importance of seeking professional guidance tailored to your individual financial circumstances and goals.
Five-Star Business Finance Ltd.
Q2FY24 Quarterly Result Announced for Five-Star Business Finance Ltd.
Non-banking Financial company Five-Star Business Finance announced Q2FY24 results:
1. Financial Performance:
- AUM increased by 44% YoY and 9% QoQ, reaching Rs 8,264 crores.
- Disbursements for the quarter amounted to Rs 1,204 crores, a 50% YoY growth, and Rs 2,336 crores for the half year, a 70% increase compared to the same period last year.
- PAT for the quarter stood at Rs 199 crores, a 38% YoY rise, and Rs 383 crores for the half year, a 35% increase compared to the previous year.
2. Asset Quality:
- Gross Stage 3 assets (NPA) stood at 1.35% of AUM, while net Stage 3 (NPA reduced by impairment allowance) was 0.68% of AUM.
- NPA numbers decreased from the previous quarter, with 30 DPD reducing from 9.68% to 8.59% during the current quarter.
3. Operational Highlights:
- Five-Star Business Finance added 70 branches during Q2FY2024, bringing the total branch network to 456.
- Collection efficiency for the quarter was 100.3%, and improvements were seen across various DPD buckets.
Commenting on the results, Lakshmipathy Deenadayalan, Chairman & Managing Director, Five-Star Business Finance, said, "Five Star continued to witness strong traction across business and disbursal demand and collections momentum. During the quarter, we disbursed Rs 1,204 Crores of loans as against Rs 1,132 Crores in the sequential quarter and also registered a disbursement growth of 50% on Y-o-Y basis. We added 70 branches during Q2FY2024, our highest ever branch additions in a quarter, resulting in a strong branch network of 456 branches, to deliver quality service to our customers.
On the collections front, we saw a strong set of numbers, across the metrics of collections efficiency and 30 DPD. We had a collection efficiency of 100.3% for the quarter and improvement across the various DPD buckets. We saw a decrease in NPA numbers as compared to the previous quarter (1.35% in Q2FY24 vs 1.41% in Q1FY24), our 30 came down from 9.68% last quarter to 8.59% during the current quarter. We are very confident that the strong growth in disbursements and collection efficiencies pave the way for a strong trajectory across growth, quality and profitability.
We continued to grow consistently and delivered an AUM growth of 44% Year on Year. PAT for Q2FY2024 has grown at 38% as compared to Q2FY2023 and our ROA and ROE stand as one of the best in the industry.
SHAREHOLDINGS:
Lakshmipathy D PROMOTER
Hema PROMOTER
Peak Xv Partners Investments V PROMOTER
Matrix Partners India Investment Holdings Ii, Llc PROMOTER
R Deenadayalan PROMOTER
Tpg Asia Vii Sf Pte Ltd FII
Sirius Ii Pte. Ltd. FII
Norwest Venture Partners X - Mauritius FII
Peak Xv Partners Growth Investments Iii FII
Sequoia Capital Global Growth Fund Iii- Endurance FII
Smallcap World Fund, Inc FII
Government Pension Fund Global FII
Fidelity Funds - India Focus Fund FII
Atma Ram Builders Pvt Ltd PUBLIC
Hdfc Trustee Company Limited - Hdfc Infrastructure DII
360 One Special Opportunities Fund - Series 9 DII.
THATS ALL FOR NOW.
N.B : I wanted to emphasize that the views I express are strictly personal and should not be construed as advice. It is crucial to consult with your financial advisor before making any trades or investment decisions. The complexity and unpredictability of financial markets underscore the importance of seeking professional guidance tailored to your individual financial circumstances and goals.
Trade active:
bought at cmp
Trade active
Trade closed: target reached
Comment:
short term trend is bearish. stock can check 620 - 626 level. after that a bounce back is possible .